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BUSINESS
February 13, 1997 | From Bloomberg News
The U.S. mutual fund industry estimated that $24 billion poured into stock funds during January, the fourth-largest monthly inflow on record, the Investment Company Institute reported Wednesday. The one-month record was set in January 1996, when the trade group's figures showed $28.9 billion flowed into stock funds. Many of America's biggest fund companies, including Vanguard Group, T. Rowe Price Associates Inc., Janus Capital Corp. and OppenheimerFunds Inc.
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BUSINESS
December 27, 2013 | By Tom Petruno
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market - what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus. Instead, we're on track for a 29% gain in the Standard & Poor's 500 index, which would be its best annual showing since 1997. So the highlight of the year for many Americans will be the repair job on their retirement savings accounts. But taking a broader view, here are six 2013 market memories that should endure: • Ma and Pa come back to stocks.
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BUSINESS
December 8, 2009 | By Tom Petruno
Bond mutual fund titan Pimco is jumping the fence -- into stock picking. The Newport Beach firm, perhaps the world's best-known bond investor, said Monday it would expand into actively managed stock funds. The company also said it had hired Neel Kashkari, who was in charge of the Treasury's bank bailout program until departing in May and dropping out of sight to a cabin in the Northern California woods. Kashkari, a former Goldman, Sachs & Co. executive, will become Pimco's head of "new investment initiatives," including stock investing.
BUSINESS
October 17, 2013 | By Stuart Pfeifer
Instead of searching for hidden gems, the managers of AdvisorShares' short-only Ranger Equity Bear fund spend their days scouring the stock market for sinking ships. Brad Lamensdorf and John Del Vecchio, co-managers of the exchange-traded fund, have targeted four companies they believe will cut dividends because of cash-flow problems, making them less attractive to investors: -- Diebold Inc., a North Canton, Ohio, company that makes ATMs, voting machines and security equipment.
BUSINESS
September 1, 2011 | By Walter Hamilton, Los Angeles Times
Investors are selling stock mutual funds — again. After a one-week respite, individual investors pulled a net $3.2 billion from U.S. stock funds and $610 million from foreign funds in the week ended Aug. 24, according to the Investment Company Institute. The outflow was nowhere near the frenetic selling seen in early August, when the stock market plunged amid worries about the economy. Fund owners dumped a net $34 billion in U.S. equity funds in the first two weeks of August.
BUSINESS
June 29, 2002 | Reuters
Investor enthusiasm for stock mutual funds dwindled last month, according to new data released Friday, as confidence in the sagging U.S. stock market has declined. U.S. stock funds pulled in a net $4.83 billion from investors in May, down from an inflow of $12.93 billion in April, said the Investment Company Institute, a Washington-based mutual fund industry trade group. A crumbling stock market in June is likely to curtail an eight-month string of positive monthly sales into stock funds.
BUSINESS
July 12, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
Stock mutual funds are facing net outflows of cash for the first time since September, as small investors step up their selling amid Wall Street's steep decline. But that throw-in-the-towel mentality among fund investors in the past has signaled that the market was reaching at least a short-term bottom, analysts say. Hopes for a timeout in the bear market were bolstered Thursday, as key indexes recovered from sharp losses to close mostly higher. The Nasdaq composite finished with a gain of 28.
BUSINESS
November 30, 1994 | TOM PETRUNO
When individual investors collectively decided they'd had enough of bond mutual funds earlier this year, they helped spark the century's worst bond bear market--the end of which still isn't in sight. Now, Wall Street fears that small investors may be reaching a similar threshold with stock mutual funds, after a record four-year buying binge. The hint of a significant turn in stock fund owners' sentiment is surfacing in major mutual fund companies' reports on November purchase trends.
BUSINESS
December 12, 1997 | From Times Staff and Wire Reports
Investors' net purchases of stock mutual funds dropped in November to the lowest level since March, the industry's main trade group estimated on Thursday. Meanwhile, the main factor believed to be hurting stock fund purchases--worries over Asia's economic mess--also helped boost bond fund purchases to the highest level in nearly four years. The Investment Company Institute estimated that net new cash flow into stock funds totaled $13.5 billion in November, down 26% from the actual $18.
BUSINESS
November 30, 2001 | JOSH FRIEDMAN, TIMES STAFF WRITER
U.S. investors cautiously returned to stock mutual funds in October after September's record outflow in the wake of the Sept. 11 terrorist strike, according to figures released Thursday--and the positive trend appears to have accelerated this month. Stock funds took in a net $758million in October, according to the Investment Company Institute, the fund industry's main trade group. That's a puny sum by recent standards, but it's reassuring on the heels of September's $29.
BUSINESS
August 9, 2013 | By Andrew Tangel
NEW YORK - The stock market's longest weekly winning streak in a year came to an end as summer doldrums set in on Wall Street. Major U.S. indexes closed moderately lower Friday, with the Dow Jones industrial average sagging 72.81 points, or nearly 0.5%, to 15,425.51. For the week, the Dow and other indexes finished down about 1%, ending a string of six straight weekly gains. Some analysts saw the pullback as a temporary lull amid minimal economic data. Trading volume was especially light as money managers started their annual August getaways.
BUSINESS
August 2, 2013 | By Andrew Tangel
NEW YORK - The federal government's monthly bombshell landed with a thud on Wall Street. Stocks barely budged after the Labor Department reported the U.S. added only 162,000 jobs last month, fewer than economists had predicted but still a sign the economy is improving, however sluggishly. "It certainly wasn't a blowout number, but it's progress," said Andy Brooks, head equity trader at T. Rowe Price. Major U.S. indexes edged higher but endured no large swings as is typical when the government releases its all-important jobs report at the beginning of each month.
SPORTS
March 14, 2013 | By Walter Hamilton
The Standard & Poor's 500 is pushing ever closer to record territory -- but with little help from small investors. The index is within five points of an all-time record after rising Thursday morning. As of 9 a.m. PDT, the S&P was up 5.99 points, or 0.4%, at 1560.61. Its record closing high is 1,565.15. But after rushing into stock funds of all sorts for most of the first two months of the year, individuals have pulled back from U.S. equity funds in the last two weeks. Investors withdrew a net $578 million from domestic equity funds last week, after yanking $1.1 billion the week before, according to the Investment Company Institute, a mutual-fund trade group.
BUSINESS
March 14, 2013 | By Andrew Tangel
NEW YORK -- Even as stocks reach new all-time highs, investors continue to pour into bonds. Some on Wall Street have speculated investors would embark upon a "great rotation," pulling their money out of bonds and putting them into stocks as interest rates rise and the economy improves. Rick Rieder, chief investment officer of fixed-income at investment giant BlackRock Inc., believes investors will instead draw from their "tremendous amount" of sidelined cash to invest in stocks.
BUSINESS
February 22, 2013 | By Andrew Tangel
Investors have been plowing billions of dollars into stocks this year, but new data show the torrent of money has been slowing this month  - particularly into U.S. equities.  Starting in January, investors began pouring into stocks after President Obama and Congress defused much of the so-called fiscal cliff. The Federal Reserve, meanwhile, has nudged investors into riskier assets like stocks by lowering interest rates and making safer investments less attractive. In the week ending Jan. 16, investors shoved $9.2 billion into equity mutual funds, according to data from the Investment Company Institute.
BUSINESS
January 12, 2013 | By Tom Petruno
Investing has been a massive exercise in frustration for millions of Americans over the last decade or so. Two market crashes in 12 years drove many people away from equities. Now key U.S. stock market indexes are at or near record highs again, after a strong 2012 rally that has spilled into 2013. The average domestic stock mutual fund rose 15% last year, the third annual gain in four years. Meanwhile, the hunger for perceived safety has driven interest rates on bonds and other fixed-income securities to record lows.
BUSINESS
August 6, 1997 | TOM PETRUNO
The stock market goes ever higher, and individual investors--specifically, individual investors in mutual funds--invariably get the credit, or the blame, depending on your viewpoint. "It's a mutual fund mania!" Wall Street likes to say. Really? Let's look at the numbers: * The Standard & Poor's 500-stock index is up 28.6% year-to-date. * In the first six months of this year, the net cash inflow into stock mutual funds was down 20% from the same period of 1996, to $110.2 billion versus $138.
BUSINESS
January 1, 2013 | By Tom Petruno
Global financial markets overcame a torrent of fears in 2012 to post strong gains nearly across the board. Returns on most categories of stock mutual funds were in double digits. The average domestic equity fund generated a total return (price change plus dividend income) of 15%, after losing 2.5% in 2011, according to investment research firm Morningstar Inc. It was the third calendar-year gain in the last four years, as the bull market that began in March 2009 rolled on. Bond mutual funds also posted positive returns as market interest rates continued to slide, boosting the value of older bonds issued at higher rates.
BUSINESS
April 8, 2012 | By Tom Petruno
For now, many aging baby boomers still are in the wealth-accumulation phase of life. Here's how some Wall Street pros see boomers focusing their portfolios in the next few years: Safety first: Millions of investors have favored high-quality bonds over stocks since the 2008 market crash, seeking income and security. Robert Arnott, head of money manager Research Affiliates in Newport Beach, thinks that trend won't fizzle soon - even if stocks keep rebounding. "We're at the sweet spot for bonds now," he said.
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